Take 5 | 10yrs Remain Corp Abs NNN | 3450 E Main St
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Take 5 | 10yrs Remain Corp Abs NNN 3450 E Main St
1,533 SF Retail Building Merrill, WI 54452 $725,000 ($473/SF) 5.75% Cap Rate
Investment Highlights
- 10 Years Remaining | Scheduled Rental Increases | Established Brand
- Near Intersection | Dense Retail Corridor | Aspirus Merrill Hospital
- Absolute NNN | Fee Simple Ownership | Zero Landlord Responsibilities
- Strong Demographics in 5-Mile Trade Area
Executive Summary
SRS National Net Lease Group is pleased to offer the opportunity to acquire the fee simple interest (land & building ownership) in an absolute NNN leased, freestanding, Take 5 investment property located in Merrill, Wisconsin. The tenant, Take 5 Properties SPV LLC, has 10 years remaining on their initial lease with 3 (5-year) options to extend, demonstrating their commitment to the site. The lease features 10% rental increases every 5 years throughout the initial term and at the beginning of each option period, steadily growing NOI and hedging against inflation. The lease is absolute NNN with zero landlord responsibilities making it an ideal, management free investment opportunity for a passive investor. Take 5 has more than 900 company-owned and franchised service centers throughout the United States and Canada.
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Building Size
1,533 SF
Building Class
C
Year Built
2019
Price
$725,000
Price Per SF
$473
Cap Rate
5.75%
NOI
$41,680
Tenancy
Single
Building Height
1 Story
Building FAR
0.08
Lot Size
0.45 AC
Zoning
Thoroughfare Commercial
Parking
3.91 Spaces per 1,000 SF Leased
Frontage
99 FT on E Main St
Amenities
- Freeway Visibility
- Signage
- Signalized Intersection
PROPERTY TAXES
| Parcel Number | 251-3106-182-0135 | Improvements Assessment | $136,000 |
| Land Assessment | $78,100 | Total Assessment | $214,100 |
PROPERTY TAXES
Parcel Number
251-3106-182-0135
Land Assessment
$78,100
Improvements Assessment
$136,000
Total Assessment
$214,100
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Take 5 | 10yrs Remain Corp Abs NNN | 3450 E Main St
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